The Real Estate in India today is growing at a phenomenal pace with all aspects to buy, sell, and rent properties in India explored and enhanced to make full use of the economic policies. This had made investors and buyers to believe, they could make a great deal if invested at the right time to buy, sell, rent properties in India and in conjunction with right players. Major foreign Funds and investors are tying up with Indian Realty companies to enter the in creative market of Real Estate in India. The hustle -bustle of Real Estate India is thriving in all verticals, be it residential, commercial Property and Retail. The real of property in India is witnessing a huge upsurge with mega IPO's, Joint Ventures and several big Indian Realtor companies. With the business of property in India assuming bigger dimensions by the day, newer sectors seem to be emerging by the day with greater promises to buy, sell, and Rent properties in India.

Chennai, formerly known as Madras is the capital of the Indian state of Tamil Nadu. Located on the Coromandel Coast of the Bay of Bengal, Chennai has an estimated population of 7.5 million (2007), making it the fourth largest metropolitan city in India and one of the largest metropolitan areas in the world.

Chennai finds place among the top ten preferred destinations in the world for IT and BPO companies across the world. This is a predominant factor for Chennai's real estate boom. Apart from proliferation of IT and ITES business, Chennai is fast emerging as a major manufacturing hub for auto components and electronic and electrical industries. Chennai as compared to other metropolitan cities in India has a distinct cost advantage, positive investment atmosphere, better infrastructure, young qualified workforce, lower attrition levels, English language skills which attract many domestic and multinational companies to set up business centers in Chennai. The Government has initiated plans to set SEZs (special economic zones).

World majors pitch for space in TIDEL Park and SIPCOT Park. On the whole, the demand is lead by IT-ITES sector, which contributes about 90% of the total demand for office space in Chennai closely followed by financial service industry. Yet another segment consists of the NRIs or the Non Resident Indians eyeing high value properties in Chennai.

Chennai Property prices have been on a high throughout the last few years and they are expected to see an upward trend this year too. Chennai property prices saw an increase of about 8 - 15 % in the last few years. Recently, it went through the roof. With the Banks advancing easy Home Loans and the conducive atmosphere prevailing for rapid growth in the industrial sector contributed in no small way to the growth of the real estate sector of Chennai.

Estate Agent is term used for a person or business that arranges the selling, renting or management of homes, land and other buildings. Estate agents who handle lettings of a property normally charge one month rent as fees and for handling the sale he charges around 2% of the total consideration as fees from the sellers and 1% from the Purchasers.

The Estates Agent / broker has two primary goals: to sell the properly for as nearer the price expected by the seller and as quickly as possible. While these are separate objectives, they are closely related through the listing price of the seller. The listing price affects how long it takes to find a buyer (i.e., Time On the Market = TOM), and TOM influences the price that results from the bargaining between the seller and the buyer.

Estates Point, with it's more than a decade old exposure and experience in this field, having served more than 3000 customers, is now more geared to meet the expectations of those who are looking for sale, purchase or renting residential and commercial space in Chennai, Bangalore and Coimbatore.

For more details please contact:
P.V.PADMANABHAN,
Estates Point, Chennai
97909 36638, 24471190, 4204 3319,
MURALI, N.V. 97909 66568,
e.mail: estatespoint@airtelmail.in, estatespoint@yahoo.com,
Website: www.estatespoint.com